Afternoon Coffee: Microsoft to Buy LinkedIn, Global Oil Supply Disruptions Spike in May

mizar 21984/Adobe Stock mizar 21984/Adobe Stock

Microsoft Corp. is buying LinkedIn Corp for $26.2 billion, with the deal expected to close by the end of the year. LinkedIn CEO Jeff Weiner said the professional network would remain largely unchanged and operate as its own entity like YouTube remains independent from parent Alphabet.

Supply chain disruptions in the global oil market have reached their highest levels since 2011, according to new data from the U.S. Energy Information Administration. Total disruptions averaged more than 3.6 million barrels per day in May. Disruptions were largely seen in Canada, Nigeria, Iraq and Libya.

General Motors plans to add 700 jobs to its Ontario, Canada, engineering center as the automaker looks to develop autonomous and alternative-fuel vehicles. Mark Reuss, the company’s head of global product development, purchasing and supply chain, said GM’s investment in Canada will help it maintain a leadership position in electric and self-driving cars.

Toyota is instructing car dealers to inform potential buyers which new cars have possible defective Takata airbags in them. Last week, Toyota also identified specific new car models that contain the airbags.

 

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